Commercial Real Estate & Business News – May 3, 2024
Expansion at Gilbert’s SanTan Village Includes Whole Foods, Dick’s House of Sport SanTan Village, Gilbert’s main shopping mecca, is poised to expand on 30 acres with major anchor tenants such as Whole Foods and a new Dick’s Sporting Goods concept store. The project has been dubbed Signature at SanTan Village. It is proposed to have […]
Commercial Real Estate & Business News – May 2, 2024
Phoenix Apartments Post Strongest Quarterly Gain Since Mid-2022 Average asking rent growth in Phoenix’s apartment market remained modestly positive in March, up 0.03% for the month, while rents rose 0.7% overall in the year’s first quarter, the most significant three-month increase since the second quarter of 2022. The improvement to…» Phoenix Shopping Center Developer Adding […]
Commercial Real Estate & Business News – May 1, 2024
CMBS Issuance Jumps to $24.6B This Year Last year was not the most resounding for commercial mortgage-backed securities. It’s been different so far this year. How long that will last is uncertain. Investors have snapped up about $24.6 billion of new commercial mortgage-backed securities so far in 2024, 170%…» Whole Foods to Take Fry’s Spot […]
Commercial Real Estate & Business News – April 30, 2024
mazon Drives Industrial Leasing in Phoenix The Phoenix industrial market got off to a strong start for 2024, with net absorption surging to 4.5M SF in the first quarter, nearly double the amount in the previous quarter. Leasing activity in the Phoenix metro totaled 9.3M SF, much of it driven by Amazon, which inked three…» […]
Commercial Real Estate & Business News – April 29, 2024
Retail, Hotel Projects Clear Checkpoints at Mesa’s Planning & Zoning Commission A new commercial retail center could rise in an emerging Mesa corridor. Mesa’s Planning and Zoning Commission on April 24 approved several new projects, including a proposal to transform a 12-acre preliminary plat into a retail center. Dubbed “Avalon Ranch,” the seven-lot…» Crafts Retailer […]
Commercial Real Estate & Business News – April 26, 2024
GDP Growth Slows But Doesn’t Shrink The advance estimate of GDP for the first quarter was an annual rate of 1.4%. That there would be a drop from the 3.4% rate in the fourth quarter of 2023 was widely expected. The details of what moved and how are important. But first, recognize that this was […]